Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective hoisted by investment analysts at Barclays PLC from C$98.00 to C$99.00 in a research note issued to investors on Friday. Barclays PLC’s price target would indicate a potential upside of 6.45% from the stock’s previous close.
A number of other brokerages also recently weighed in on BMO. Scotiabank lowered their target price on shares of Bank of Montreal from C$107.00 to C$104.00 and set an “outperform” rating for the company in a research note on Thursday, May 25th. CIBC lowered their target price on shares of Bank of Montreal from C$109.00 to C$105.00 in a research note on Thursday, May 25th. TD Securities lowered their target price on shares of Bank of Montreal from C$110.00 to C$105.00 and set a “hold” rating for the company in a research note on Thursday, May 25th. Finally, Royal Bank Of Canada lowered their target price on shares of Bank of Montreal from C$110.00 to C$108.00 and set a “sector perform” rating for the company in a research note on Thursday, May 25th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$100.36.
Shares of Bank of Montreal (TSE:BMO) traded down 1.11% during trading on Friday, hitting $91.97. 915,785 shares of the stock traded hands. The firm has a 50-day moving average of $95.45 and a 200-day moving average of $97.13. The firm has a market capitalization of $59.96 billion and a price-to-earnings ratio of 11.57. Bank of Montreal has a 1-year low of $83.24 and a 1-year high of $104.15.
Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its earnings results on Wednesday, May 24th. The bank reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.94 by $0.02. Bank of Montreal had a return on equity of 12.21% and a net margin of 21.74%. The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.44 billion. On average, equities analysts forecast that Bank of Montreal will post $7.99 earnings per share for the current year.
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In related news, Director La Flèche Eric Richer purchased 2,000 shares of Bank of Montreal stock in a transaction on Monday, June 19th. The stock was acquired at an average cost of C$93.82 per share, for a total transaction of C$187,640.00. Also, Director Thomas Earl Flynn sold 10,951 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of C$91.60, for a total transaction of C$1,003,111.60. Over the last 90 days, insiders acquired 4,334 shares of company stock valued at $393,326 and sold 32,256 shares valued at $2,985,223.
Bank of Montreal Company Profile
Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.
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